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New Debt Facilities

1 Nov 2017 12:22

RNS Number : 2739V
Standard Life UK Small.Co's Tst PLC
01 November 2017
 

STANDARD LIFE UK SMALLER COMPANIES TRUST PLC

1 NOVEMBER 2017

NEW DEBT FACILITIES

Standard Life UK Smaller Companies Trust plc (the "Company") is pleased to announce it has today entered into a £45m unsecured facility agreement with The Royal Bank of Scotland plc. The facilities consist of a 5 year term loan facility of £25m (the "Term Loan") and a 5 year revolving credit facility of £20 million (the "RCF"). 

The facility agreements include terms which are typical for facilities of this nature; including minimum net asset and loan to value covenants.

All enquiries:

 

Evan Bruce-Gardyne

Head of Investment Companies, Standard Life Investments Tel. 0345 600 2268

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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